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Entry Level Loan Processor Jobs in Frederick, MD

OneMain Financial

Loan Sales Specialist

Gaithersburg, MD · On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Leesburg, VA

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Leesburg, VA · On-site

$18 - $22/hr

Develop newconnections andmaintainonesby engagingcustomers throughout the loan process and life ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Leesburg, VA · On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

First Cash Pawn

Retail Sales Associate- 0041

Rockville, MD · On-site

$17.65 - $20.75/hr

We are seeking entry-level, full-time sales associates in our pawn store locations nationwide. The ... process sales, loans, and other transactions. A Pawnbroker / Retail Sales Associate thrives on ...

All JobsLoan Processor JobsEntry Level Loan Processor JobsEntry Level Loan Processor Jobs in Frederick, MD

Entry Level Loan Processor information

See Frederick, MD salary details

$13

$21

$30

How much do entry level loan processor jobs pay per hour?

As of Jul 31, 2026, the average hourly pay for entry level loan processor in Frederick, MD is $21.18, according to ZipRecruiter salary data. Most workers in this role earn between $17.93 and $23.89 per hour, depending on experience, location, and employer.

What is an Entry Level Loan Processor job?

An Entry Level Loan Processor is responsible for assisting in the loan application process by reviewing and verifying financial documents, ensuring accuracy, and preparing files for underwriting. They communicate with borrowers, lenders, and other parties to gather necessary information. This role requires attention to detail, organizational skills, and knowledge of loan procedures. It is a great starting position for those interested in the mortgage or banking industry.

Will MLO be replaced by AI?

As an entry-level loan processor, the role involves reviewing loan documents and data entry, tasks that AI can assist with but not fully replace. AI tools are increasingly used to automate routine tasks, but human oversight remains essential for compliance and customer interaction in loan processing. Developing skills in software and data management can enhance job effectiveness as technology evolves.

What are the key skills and qualifications needed to thrive in the Entry Level Loan Processor position, and why are they important?

To thrive as an Entry Level Loan Processor, you need strong organizational skills, attention to detail, basic knowledge of loan documentation, and typically a high school diploma or equivalent. Familiarity with loan origination software, spreadsheet applications, and document management systems is commonly required. Excellent communication, customer service, and time management skills help you excel in interactions with clients and team members. These abilities ensure you can accurately process loan files, meet deadlines, and support efficient loan approvals in a fast-paced environment.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. The exact earnings depend on the lender's compensation structure, the loan type, and the officer's experience. Entry-level loan processors may not directly earn commissions but can assist in processing such loans as part of their role.

How to get experience as a loan processor?

Entry level loan processors typically gain experience through internships, entry-level administrative roles, or training programs in banking or mortgage companies. Developing skills in data entry, customer service, and familiarity with loan processing software can also help build relevant experience.

What does a typical day look like for an Entry Level Loan Processor?

A typical day for an Entry Level Loan Processor involves reviewing and verifying loan application documents, communicating with applicants to request missing information, and collaborating with underwriters and other team members to ensure files move smoothly through the approval process. You may spend time entering data into loan processing systems, responding to status inquiries, and keeping detailed records to maintain compliance. The workday is usually structured in an office or hybrid environment, often involving both independent tasks and teamwork. This role offers great exposure to the finance industry and can lead to advancement opportunities in underwriting, loan consulting, or branch management.

Is it hard to become a loan processor?

Becoming an entry-level loan processor typically requires a high school diploma or equivalent and strong organizational and communication skills. Many employers provide on-the-job training, and some roles may prefer familiarity with loan processing software or basic financial knowledge, but formal certifications are not usually mandatory.
What are the most commonly searched types of Loan Processor jobs in Frederick, MD? The most popular types of Loan Processor jobs in Frederick, MD are:
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What job categories do people searching Entry Level Loan Processor jobs in Frederick, MD look for? The top searched job categories for Entry Level Loan Processor jobs in Frederick, MD are:
What cities near Frederick, MD are hiring for Entry Level Loan Processor jobs? Cities near Frederick, MD with the most Entry Level Loan Processor job openings:
Entry Level Loan Processor jobs near you
Infographic showing various Entry Level Loan Processor job openings in Frederick, MD as of July 2026, with employment types broken down into 100% Full Time. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $44,054 per year, or $21.2 per hour.

Loan Acquisition Specialist

OneMain Financial

Martinsburg, WV

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

OneMain Financial rating

7.6

Company rating: 7.6 out of 10

Based on 100 frontline employees who took The Breakroom Quiz

112th of 149 rated financial services

Job description

At OneMain, Loan Sales Specialists empower customers by listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. In this role, our team members thrive in a competitive atmosphere where hard work and dedication directly influence success.  This role provides rewarding professional development and advancement opportunities in a dynamic and supportive environment. Loan Sales Specialists enjoy competitive compensation that recognizes both individual achievements and team success, all while growing their career.  
In the Role   
  • Effectively multitask and adapt to the dynamic demands of the role, ensuring timely and efficient service  
  • Exceed customer expectations through ease, empathy and encouragement, delivering results related to individual and branch goals  
  • Develop new connections and maintain ones by engaging customers throughout the loan process and life cycle, presenting tailored solutions based on customer needs 
  • Manage the life cycle of loans, including collections activities while maintaining compliance with all relevant laws and regulations 
  • Engage with customers and other departments through multiple technological channels, including phone, email, chat and our in-house systems 
  • Exhibit passion for achievement, bringing an internal drive to succeed and goal oriented attitude 
  • Clearly educate and inform customers on optional insurance products, ensuring customers have a thorough understanding of the loans, terms and their options  
Requirements:     
  • High School Diploma or GED      
Preferred:  
  • Sales, Collections or Customer Service experience    
  • Bilingual - Spanish    
Location: On site    
The schedule for this position is Monday-Friday during standard business hours, with some extended hours during the week as needed which may include Saturday.     
Who we Are 
A career with OneMain offers you the potential to earn an annual salary plus incentives. You can steer your career toward leadership roles such as Branch Manager and District Manager by taking advantage of a variety of robust training programs and opportunities to advance. Other team member benefits include: 
  • Health and wellbeing options including medical, prescription, dental, vision, hearing, accident, hospital indemnity, and life insurances  
  • Up to 4% matching 401(k)    
  • Employee Stock Purchase Plan (10% share discount)    
  • Tuition reimbursement    
  • Paid time off (15 days’ vacation per year, prorated based on start date)  
  • Paid sick leave as determined by state or local ordinance (prorated based on start date)  
  • 11 Paid holidays (4 floating holidays, prorated based on start date)  
  • Paid volunteer time (3 days per year, prorated based on start date) 
OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future.  
In our more than 1,300 community branches and across the U.S., team members help millions of customers solve critical financial needs, including debt consolidation, home and auto repairs, medical procedures and extending household budgets. We meet customers where they want to be -- in person, by phone and online.   
At every level, we’re committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There’s never been a better time to shine with OneMain.  
Key Word Tags    
Sales, Collections, Retail, Loan Sales, Customer Service, Customer Care, Business Development, New Grad, Newly Graduated, Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, Career, Benefits, Customer experience, Financial Representative, Credit, Leadership, Manager Trainee   

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